DIVISLAB - Rounding Bottom Breakout
DIVISLAB has given a good breakout of rounding bottom pattern on weekly chart. The breakout candle on daily chart looks very bullish as it is supported by massive one day trading volume.
We can expect 30 to 50% return in 4 to 6 months.
In this case the target will be depth of rounding bottom pattern which means we can expect ₹8000 levels in few months.
🔊 DIVISLAB - Rounding Bottom Breakout
⌛Duration - Short Term (4 month to 6 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹5426
Time Frame - Weekly
🎯Target 1 : ₹6300
🎯Target 2 : ₹7100
🎯Target 3 : ₹8025
🛑 Stop : ₹4375
🏆 Risk/Reward Ratio (1: 2.4)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
We can expect 30 to 50% return in 4 to 6 months.
In this case the target will be depth of rounding bottom pattern which means we can expect ₹8000 levels in few months.
🔊 DIVISLAB - Rounding Bottom Breakout
⌛Duration - Short Term (4 month to 6 month)
📊📈 Trade Logic - Rounding Bottom Breakout
CMP - ₹5426
Time Frame - Weekly
🎯Target 1 : ₹6300
🎯Target 2 : ₹7100
🎯Target 3 : ₹8025
🛑 Stop : ₹4375
🏆 Risk/Reward Ratio (1: 2.4)
Disclaimer: The stock information shared above is not a recommendation to buy, sell, or hold. It reflects my own analysis and is intended solely for educational purposes. Any actions you take based on this information are your responsibility, and the admin of this channel is not liable for any financial gains or losses. Please consult a financial advisor before making any investment decisions. I am not a SEBI-registered advisor.
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